Stablecoin Trading Volume Reaches Record High of $33 Trillion in 2025

Odaily News According to a Bloomberg report citing Artemis Analytics data, global stablecoin trading volume surged 72% year-on-year in 2025, reaching a record high of $33 trillion. The scale of stablecoin usage expanded significantly, driven by a pro-crypto policy environment.

Among them, USDC issued by Circle recorded a trading volume of $18.3 trillion, ranking first; Tether's USDT trading volume reached $13.3 trillion, also maintaining a high level. Together, they account for the vast majority of stablecoin trading activity.

The report stated that following the Trump administration's signals of more crypto-friendly policies, the use of stablecoins in payments, transaction settlements, and cross-border capital flows has grown significantly, making them one of the most critical infrastructures in the crypto market. Analysis suggests that the explosive growth in stablecoin trading volume highlights its rising importance within the global financial system and also brings greater attention to future regulatory and policy directions.